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Has such an idea been floated previously? Or are there existing groups?
Brisbane area here! [to be completely off topic]
Chance favors the prepared mind.
Im unannounced.Super, I accidentally hit enter too early.
terryw, you make a good point there. Thankyou.
Actually, if I wanted mitigate my risk -that- much I would probably put my money into a share market index fund rather than a listed property trust, or a 5-6% savings account. I see more potential there in the short term for that level of risk. [irrelivant]
Though of course, im still looking to reduce my exposure where possible. Which is why I have looked at these low cost option. Though, if low cost property just ‘isn’t done’ because of the difficulty in getting finance in addition to it’s unattractiveness to investors[?], then I will know to look at other ways to do what I am looking for.
Thankyou for the input.
Chance favors the prepared mind.
Im unannounced.
terryw
Thank you for the heads up on financing. And that’s really the kind of thing I am interested in learning. Needing to be able to refinance is going to be important if I was to use the equity in that property to gain other properties I am guessing.
Being my first property I would think I would be looking for something that had a greater rental return than a growth property. Positively geared would be ideal if it could be done. Also, considering the current market, I would think there is going to be much growth in the market any time soon.
While I do understand why you recommend that I diversify, if I wanted to diversify, I would just go into some sort of fund – which isn’t the sort of inevstment I am looking for.
I am specifically looking at lower cost property investments because of the uncertainty of income I will have over the next year, but I am interested in doing something now. I would be particularly vunerable should the unthinkable happen. Paying $150 a week compared to $300 in such a case is much more managable.
Im unannounced.
